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Italian man kidnapped over cryptocurrency dispute

An Italian man was allegedly kidnapped and tortured in NYC related to a crypto dispute.

May 29, 2025 at 05:37 PM

What we know about the NYC crypto kidnapping and torture case

A cryptocurrency dispute led to the alleged kidnapping and torture of an Italian man in a luxury NYC townhouse for over two weeks, according to police.

Cryptocurrency dispute leads to kidnapping in New York City

A cryptocurrency dispute resulted in the kidnapping and torture of a 28-year-old Italian man, according to New York City police. The incident allegedly occurred over 17 days at a luxury townhouse in SoHo, where suspects John Woeltz and William Duplessie reportedly assaulted the victim and coerced him into revealing his Bitcoin password. The victim escaped by convincing the suspects he would provide his payment information while they were distracted. Both suspects have been charged with multiple offenses, including kidnapping and unlawful imprisonment, and were denied bail during their court appearances.

Key Takeaways

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The victim endured severe abuse for over two weeks due to a crypto dispute.

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Both suspects face serious charges and were denied bail in court.

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The incident reveals the potential dangers associated with cryptocurrency.

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Law enforcement must evolve to address crimes linked to the growing digital economy.

"From what we know now, this was a dispute over crypto money."

NYPD Chief John Chell explains the motive behind the kidnapping.

"The two men are currently the only suspects in the case."

NYPD Commissioner Jessica Tisch confirms the status of the investigation.

"They face a maximum sentence of 25 years to life in prison if convicted of the top charge of kidnapping."

Details about the legal consequences for the suspects.

This case highlights the extreme lengths some individuals may go to in disputes over cryptocurrency. As cryptocurrencies gain prominence, related crimes are likely to increase. The horrific nature of the allegations suggests a troubling trend where personal safety is compromised over digital assets. Law enforcement agencies must adapt to these evolving threats as they work to bring justice to victims.

Highlights

The horrifying lengths of crypto disputes have never been clearer.
Kidnapping over Bitcoin shows a darker side of cryptocurrency.
How low can people go for money? This case reveals that truth.
This incident is a chilling reminder of the risks in the crypto world.

High risks in cryptocurrency-related crimes

This case demonstrates the potential for violence and severe consequences stemming from disputes over digital assets, raising alarms over public safety in cryptocurrency.

The case raises urgent questions about safety in the crypto realm and the implications for law enforcement.

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